Citizens Financial Group (NYSE:CFG - Get Free Report) had its target price dropped by stock analysts at Royal Bank of Canada from $50.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the bank's stock. Royal Bank of Canada's price objective would indicate a potential upside of 24.20% from the company's current price.
Several other equities analysts also recently weighed in on the company. Citigroup lowered their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barclays reduced their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday. Keefe, Bruyette & Woods lowered their price target on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, Piper Sandler dropped their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of "Moderate Buy" and an average price target of $45.82.
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Citizens Financial Group Stock Performance
Shares of NYSE:CFG traded down $0.03 during trading on Thursday, hitting $35.43. The company's stock had a trading volume of 4,654,883 shares, compared to its average volume of 4,786,264. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a 50-day moving average of $40.88 and a 200-day moving average of $43.63. Citizens Financial Group has a 12 month low of $32.60 and a 12 month high of $49.25.
Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, sell-side analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current year.
Hedge Funds Weigh In On Citizens Financial Group
Several institutional investors have recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new position in shares of Citizens Financial Group during the 4th quarter valued at approximately $8,134,000. BTC Capital Management Inc. raised its stake in Citizens Financial Group by 19.8% during the fourth quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank's stock valued at $1,882,000 after purchasing an additional 7,119 shares in the last quarter. Patton Fund Management Inc. bought a new position in Citizens Financial Group during the fourth quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc lifted its position in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank's stock valued at $50,430,000 after purchasing an additional 367,439 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank's stock worth $217,781,000 after buying an additional 805,758 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.
Citizens Financial Group Company Profile
(
Get Free Report)
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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